Croatia: Sugar Market 2024

Sugar Market Size in Croatia

In 2022, the Croatian sugar market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed a abrupt contraction. Sugar consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar Production in Croatia

In value terms, sugar production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. Sugar production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

In 2022, the average yield of sugar in Croatia totaled less than X kg per ha, remaining relatively unchanged against the year before. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of sugar production in Croatia amounted to less than X ha, approximately mirroring the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern.

Sugar Exports

Exports from Croatia

In 2022, shipments abroad of sugar increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports enjoyed a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sugar exports soared to $X in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons) was the main destination for sugar exports from Croatia, with a X% share of total exports. Moreover, sugar exports to Hungary exceeded the volume sent to the second major destination, Montenegro (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Austria (X% per year).

In value terms, Hungary ($X) emerged as the key foreign market for sugar exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Kosovo ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kosovo (X% per year) and Montenegro (X% per year).

Export Prices by Country

The average sugar export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kosovo ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into Croatia

In 2022, approx. X tons of sugar were imported into Croatia; picking up by X% compared with the year before. Overall, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar imports skyrocketed to $X in 2022. In general, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of sugar to Croatia, accounting for a X% share of total imports. Moreover, sugar imports from Brazil exceeded the figures recorded by the second-largest supplier, South Africa (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%.

In value terms, Brazil ($X) constituted the largest supplier of sugar to Croatia, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%.

Import Prices by Country

The average sugar import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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